Basis: Current FMP quote-based enterprise value / four-quarter operating cash flow less absolute capital expenditures. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/FCF ratio high or low?
The EV/FCF ratio of 33.12x is 42% below its estimated 5-year average of 57.31x, near the low end of its estimated 5-year range (32.46x–235.73x).
As of 2026-09-26T00:15:44.311Z. 20.34% below its estimated 12-month average of 41.58x.
Calculation as of: 2026-09-26T00:15:44.311Z.
Quote observation: 2026-09-25T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: a867f74022b929e80d197199fbfebc6630f0c88c819bafdecee0647af169585c
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-11.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/FCF RATIO
33.12x
EV/FCF RATIO AVG TTM
41.58x
EV/FCF RATIO AVG 3Y
97.35x
EV/FCF RATIO AVG 5Y
57.31x
EV/FCF RATIO AVG 10Y
55.89x
EV/FCF RATIO AVG 15Y
48.02x
EV/FCF RATIO AVG 20Y
44.85x
CURRENT VS TTM AVG
-20.34%
CURRENT VS 3Y AVG
-65.98%
CURRENT VS 5Y AVG
-42.21%
CURRENT VS 10Y AVG
-40.74%
CURRENT VS 15Y AVG
-31.03%
CURRENT VS 20Y AVG
-26.15%
SECTOR MEDIAN · HEALTHCARE
25.06x
median of 80 covered companies
CURRENT VS SECTOR MEDIAN
+32.14%
vs the sector median at left
Edwards Lifesciences Corporation
Market Cap
$49.69B
EV/FCF Ratio
33.12x
TTM Avg
41.58x
3Y Avg
97.35x
5Y Avg
57.31x
Market Cap
$48.80B
EV/FCF Ratio
40.79x
TTM Avg
35.13x
3Y Avg
30.16x
5Y Avg
33.11x
Market Cap
$50.65B
EV/FCF Ratio
25.61x
TTM Avg
22.97x
3Y Avg
25.07x
5Y Avg
30.99x
Market Cap
$51.58B
EV/FCF Ratio
12.52x
TTM Avg
13.61x
3Y Avg
14.08x
5Y Avg
14.02x
Market Cap
$45.64B
EV/FCF Ratio
43.67x
TTM Avg
53.75x
3Y Avg
45.46x
5Y Avg
67.96x
Market Cap
$40.96B
EV/FCF Ratio
33.47x
TTM Avg
51.34x
3Y Avg
53.25x
5Y Avg
63.70x
| NAME | MARKET CAP | EV/FCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Edwards Lifesciences Corporation (EW) | $49.69B | 33.12x | 41.58x | 97.35x | 57.31x |
| Agilent Technologies, Inc. (A)vs › | $48.80B | 40.79x | 35.13x | 30.16x | 33.11x |
| Becton, Dickinson and Company (BDX)vs › | $50.65B | 25.61x | 22.97x | 25.07x | 30.99x |
| Humana Inc. (HUM)vs › | $47.81B | N/A | 37.20x | 23.83x | 32.41x |
| Cardinal Health, Inc. (CAH)vs › | $51.58B | 12.52x | 13.61x | 14.08x | 14.02x |
| Teva Pharmaceutical Industries Limited (TEVA)vs › | $45.64B | 43.67x | 53.75x | 45.46x | 67.96x |
| IQVIA Holdings Inc. (IQV)vs › | $44.50B | 29.03x | 19.59x | 26.06x | 27.40x |
| Waters Corporation (WAT)vs › | $42.57B | 118.67x | 66.80x | 49.97x | 45.91x |
| IDEXX Laboratories, Inc. (IDXX)vs › | $40.96B | 33.47x | 51.34x | 53.25x | 63.70x |
| Cencora, Inc. (COR)vs › | $59.71B | 16.90x | 34.62x | 24.14x | 20.52x |
EV/FCF
33.1x
P/FCF
34.7x
FCF Yield
2.89%
Formula: EV/FCF = Enterprise Value / Free Cash Flow
EV/FCF vs P/FCF:
EV/FCF = Enterprise Value / Free Cash Flow (TTM)
Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/FCF RATIO |
|---|---|
| 2026-09-11 | 32.46x |
| 2026-09-10 | 33.42x |
| 2026-09-09 | 33.19x |
| 2026-09-08 | 33.40x |
| 2026-09-04 | 34.68x |
| 2026-09-03 | 34.64x |
| 2026-09-02 | 35.06x |
| 2026-09-01 | 35.02x |
| 2026-08-31 | 35.03x |
| 2026-08-28 | 34.81x |
| 2026-08-27 | 34.70x |
| 2026-08-26 | 35.04x |
| 2026-08-25 | 35.08x |
| 2026-08-24 | 34.93x |
| 2026-08-21 | 34.64x |
| 2026-08-20 | 34.66x |
| 2026-08-19 | 35.64x |
| 2026-08-18 | 35.12x |
| 2026-08-17 | 35.05x |
| 2026-08-14 | 35.37x |
| 2026-08-13 | 35.76x |
| 2026-08-12 | 35.95x |
| 2026-08-11 | 36.20x |
| 2026-08-10 | 35.54x |
| 2026-08-07 | 34.61x |
| 2026-08-06 | 34.45x |
| 2026-08-05 | 34.31x |
| 2026-08-04 | 46.16x |
| 2026-08-03 | 45.74x |
| 2026-07-31 | 44.27x |
| 2026-07-30 | 44.73x |
| 2026-07-29 | 44.11x |
| 2026-07-28 | 43.00x |
| 2026-07-27 | 42.66x |
| 2026-07-24 | 42.44x |
| 2026-07-23 | 43.08x |
| 2026-07-22 | 43.37x |
| 2026-07-21 | 43.46x |
| 2026-07-20 | 43.70x |
| 2026-07-17 | 44.09x |
| 2026-07-16 | 45.22x |
| 2026-07-15 | 44.91x |
| 2026-07-14 | 46.42x |
| 2026-07-13 | 47.32x |
| 2026-07-10 | 47.55x |
| 2026-07-09 | 47.08x |
| 2026-07-08 | 48.31x |
| 2026-07-07 | 48.94x |
| 2026-07-06 | 49.13x |
| 2026-07-02 | 48.70x |
| 2026-07-01 | 47.43x |
| 2026-06-30 | 46.61x |
| 2026-06-29 | 47.00x |
| 2026-06-26 | 46.79x |
| 2026-06-25 | 46.22x |
| 2026-06-24 | 46.19x |
| 2026-06-23 | 44.74x |
| 2026-06-22 | 44.17x |
| 2026-06-18 | 44.96x |
| 2026-06-17 | 44.60x |
| 2026-06-16 | 45.61x |
| 2026-06-15 | 44.39x |
| 2026-06-12 | 43.76x |
| 2026-06-11 | 44.11x |
| 2026-06-10 | 44.23x |
| 2026-06-09 | 45.06x |
| 2026-06-08 | 44.16x |
| 2026-06-05 | 44.22x |
| 2026-06-04 | 45.01x |
| 2026-06-03 | 44.24x |
| 2026-06-02 | 45.12x |
| 2026-06-01 | 45.39x |
| 2026-05-29 | 44.49x |
| 2026-05-28 | 44.22x |
| 2026-05-27 | 44.51x |
| 2026-05-26 | 45.06x |
| 2026-05-22 | 44.12x |
| 2026-05-21 | 42.74x |
| 2026-05-20 | 42.62x |
| 2026-05-19 | 42.19x |
| 2026-05-18 | 42.31x |
| 2026-05-15 | 41.77x |
| 2026-05-14 | 41.75x |
| 2026-05-13 | 41.78x |
| 2026-05-12 | 40.90x |
| 2026-05-11 | 39.53x |
| 2026-05-08 | 41.02x |
| 2026-05-07 | 42.51x |
| 2025-08-06 | 152.03x |
| 2025-08-05 | 153.32x |
| 2025-08-04 | 155.05x |
| 2025-08-01 | 153.50x |
| 2025-07-31 | 153.46x |
| 2025-07-30 | 157.23x |
| 2025-07-29 | 155.82x |
| 2025-07-28 | 151.79x |
| 2025-07-25 | 154.86x |
| 2025-07-24 | 146.31x |
| 2025-07-23 | 148.57x |
| 2025-07-22 | 147.33x |
| 2025-07-21 | 147.86x |
| 2025-07-18 | 147.71x |
| 2025-07-17 | 147.08x |
| 2025-07-16 | 147.00x |
| 2025-07-15 | 148.37x |
| 2025-07-14 | 151.36x |
| 2025-07-11 | 150.89x |
| 2025-07-10 | 152.42x |
| 2025-07-09 | 149.14x |
| 2025-07-08 | 147.51x |
| 2025-07-07 | 148.12x |
| 2025-07-03 | 148.32x |
| 2025-07-02 | 148.79x |
| 2025-07-01 | 149.12x |
| 2025-06-30 | 151.22x |
| 2025-06-27 | 151.22x |
| 2025-06-26 | 149.06x |
| 2025-06-25 | 148.69x |
| 2025-06-24 | 146.41x |
| 2025-06-23 | 145.33x |
| 2025-06-20 | 142.30x |
| 2025-06-18 | 142.60x |
| 2025-06-17 | 141.15x |
| 2025-06-16 | 144.31x |
| 2025-06-13 | 144.98x |
| 2025-06-12 | 146.49x |
| 2025-06-11 | 145.64x |
| 2025-06-10 | 146.31x |
| 2025-06-09 | 147.45x |
| 2025-06-06 | 149.81x |
| 2025-06-05 | 150.32x |
| 2025-06-04 | 150.48x |
| 2025-06-03 | 150.22x |
| 2025-06-02 | 150.99x |
| 2025-05-30 | 151.24x |
| 2025-05-29 | 150.24x |
| 2025-05-28 | 148.06x |
| 2025-05-27 | 147.16x |
| 2025-05-23 | 144.66x |
| 2025-05-22 | 144.25x |
| 2025-05-21 | 146.92x |
| 2025-05-20 | 150.44x |
| 2025-05-19 | 150.87x |
| 2025-05-16 | 150.79x |
| 2025-05-15 | 148.51x |
| 2025-05-14 | 148.24x |
| 2025-05-13 | 145.70x |
| 2025-05-12 | 144.27x |
| 2025-05-09 | 141.99x |
| 2025-05-08 | 143.92x |
| 2025-05-07 | 144.76x |
| 2025-05-06 | 144.52x |
| 2025-05-05 | 144.90x |
| 2025-05-02 | 146.00x |
| 2025-05-01 | 145.05x |
| 2025-04-30 | 145.68x |
| 2025-04-29 | 147.29x |
| 2025-04-28 | 145.78x |
| 2025-04-25 | 146.80x |
| 2025-04-24 | 144.94x |
| 2025-04-23 | 135.43x |
| 2025-04-22 | 135.72x |
| 2025-04-21 | 132.86x |
| 2025-04-17 | 137.61x |
| 2025-04-16 | 136.94x |
| 2025-04-15 | 136.04x |
| 2025-04-14 | 134.23x |
| 2025-04-11 | 133.27x |
| 2025-04-10 | 130.95x |
| 2025-04-09 | 134.29x |
| 2025-04-08 | 128.53x |
| 2025-04-07 | 132.46x |
| 2025-04-04 | 133.19x |
| 2025-04-03 | 140.56x |
| 2025-04-02 | 138.67x |
| 2025-04-01 | 138.30x |
| 2025-03-31 | 139.55x |
| 2025-03-28 | 136.35x |
| 2025-03-27 | 136.92x |
| 2025-03-26 | 136.71x |
| 2025-03-25 | 137.02x |
| 2025-03-24 | 137.24x |
| 2025-03-21 | 135.43x |
| 2025-03-20 | 136.43x |
| 2025-03-19 | 136.33x |
| 2025-03-18 | 135.19x |
| 2025-03-17 | 135.78x |
| 2025-03-14 | 133.05x |
| 2025-03-13 | 130.32x |
| 2025-03-12 | 131.46x |
| 2025-03-11 | 131.21x |
| 2025-03-10 | 131.50x |
| 2025-03-07 | 135.17x |
| 2025-03-06 | 138.16x |
| 2025-03-05 | 140.30x |
| 2025-03-04 | 137.30x |
| 2025-03-03 | 137.33x |
| 2025-02-28 | 79.38x |
| 2025-02-27 | 79.12x |
| 2025-02-26 | 79.79x |
| 2025-02-25 | 79.18x |
| 2025-02-24 | 80.74x |
| 2025-02-21 | 81.38x |
| 2025-02-20 | 83.06x |
| 2025-02-19 | 83.02x |
| 2025-02-18 | 84.21x |
| 2025-02-14 | 84.83x |
| 2025-02-13 | 84.60x |
| 2025-02-12 | 84.39x |
| 2025-02-11 | 78.54x |
| 2025-02-10 | 78.76x |
| 2025-02-07 | 77.87x |
| 2025-02-06 | 78.63x |
| 2025-02-05 | 79.95x |
| 2025-02-04 | 79.04x |
| 2025-02-03 | 79.10x |
| 2025-01-31 | 80.37x |
| 2025-01-30 | 81.29x |
| 2025-01-29 | 78.80x |
| 2025-01-28 | 80.50x |
| 2025-01-27 | 76.50x |
| 2025-01-24 | 76.25x |
| 2025-01-23 | 76.18x |
| 2025-01-22 | 76.31x |
| 2025-01-21 | 77.42x |
| 2025-01-17 | 77.19x |
| 2025-01-16 | 77.29x |
| 2025-01-15 | 77.79x |
| 2025-01-14 | 78.69x |
| 2025-01-13 | 78.75x |
| 2025-01-10 | 81.53x |
| 2025-01-08 | 82.40x |
| 2025-01-07 | 81.79x |
| 2025-01-06 | 81.67x |
| 2025-01-03 | 82.11x |
| 2025-01-02 | 80.54x |
| 2024-12-31 | 82.25x |
| 2024-12-30 | 82.50x |
| 2024-12-27 | 84.18x |
| 2024-12-26 | 84.50x |
| 2024-12-24 | 83.86x |
| 2024-12-23 | 83.18x |
| 2024-12-20 | 83.18x |
| 2024-12-19 | 82.13x |
| 2024-12-18 | 80.80x |
| 2024-12-17 | 82.36x |
| 2024-12-16 | 82.11x |
| 2024-12-13 | 81.41x |
| 2024-12-12 | 82.18x |
| 2024-12-11 | 81.99x |
| 2024-12-10 | 81.49x |
| 2024-12-09 | 78.53x |
| 2024-12-06 | 79.28x |
| 2024-12-05 | 80.35x |
| 2024-12-04 | 82.46x |
| 2024-12-03 | 77.69x |
| 2024-12-02 | 78.09x |
| 2024-11-29 | 79.06x |
| 2024-11-27 | 79.92x |
| 2024-11-26 | 79.30x |
Showing the most recent 260 of 4,844 data points. The chart above shows the full history.
